Thursday, April 9, 2009

Canada Unemployment Rate at 8%, 7-year High. Waterloo region 9.6%

It is scary, 9.6% in Waterlo means every 10 people you know, 1 is unemployed

Another reason to be grateful for my job, and to do better in it every day.

Canada's unemployment rate rose to 8 percent in March, up from 7.7 percent in February.

Statistics Canada says just over 61-thousand people lost their jobs last month. That's more than private sector economists had been forecasting.
They'd predicted about 55-thousand jobs likely vanished in March.
Most of the losses were in full-time work in manufacturing and construction.

Waterloo Region's unemployment rate rose to 9.6 percent in March from 9.1 the previous month.
Roughly 4-thousand full and part-time workers lost their jobs in our region last month.

Ontario's jobless rate stayed the same February to March at 8.7 per cent.
In the last 5 months the agency says Canada has shed 357-thousand jobs.